Home Equity Line of Credit  

A home equity line of credit (HELOC) is a revolving line of credit secured by your home, allowing you to borrow against your home equity for various expenses as needed. A home equity line of credit ( HELOC) offer more flexibility, allowing homeowners to borrow, repay, and borrow again as needed, making them ideal for variable expenses like home repairs or education costs. With a HELOC, you only pay interest on the amount you borrow, not the total credit limit.

Borrower up to 75% of the value of your home combined with your current first mortgage balance for primary owner occupied property. *

Your equity line is set for 30 years with a 10 year draw period and then a 20 year fixed rate repayment period.

 

 

 

 

 

Available for owner occupied, and second home properties.

Application fee, full appraisal fee, & other costs may apply.

 

 

 

****Talk to a loan representative for current rates and requirements. 

 

For more information, speak to one of our loan professionals listed below:

 

Marion Condo

Loan Officer
NMLS# 275634

Office Phone:  201-823-0700 x2365

Cell Phone:  732-859-3239

 

David Sacci

Loan Officer

NMLS# 321998

Office Phone:  201-823-0700 x4201

Cell Phone:  201-693-6048